FOR SALE | OFFICE

197 E California St , NV 89104

Offered By: Ryan McCulloughMaria Herman Tyler Jaynes Dhan DhaliwalConnor Watson Office Partner | LIC#0176931office: 702.534.1719Senior Sales Associate | LIC#0184357office: 702.383.3383Sales Associate | LIC#0186976 cell: 847.553.6285direct: 702.334.7280cell: 254.216.3578 direct: 702.371.9351cell: 254.223.1995 direct: 702.815.1982 direct: 702.815.1983 direct: 702.815.1984 8945 8945W. Russell W. Russel Road Road Suite Suite 110 110 email: [email protected] email: [email protected] email: [email protected] email: [email protected] Las Vegas,Las Vegas, NV 89148 NV 89148 email: [email protected] NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, (702) (702)383.3383 383.3383 | naivegas.com | naivegas.com PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPAL. NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE TO BE IMPLIED. THE INFORMATION PORTRAYED ON THE MAP, WHILE NOT GUARANTEED, HAS BEEN SECURED FROM SOURCES DEEMED RELIABLE. CONSULT A SURVEYOR FOR PRECISE BOUNDARIES. 33190 Property Details

SALE DETAILS

List Price: $5,850,000

Total Square Feet: ±15,135 SF

Price PSF: $386.52

CAP: 7.50%

NOI: $438,968

FOR MORE INFORMATION http://helloarti.com/view/34110

Offered By: Ryan McCullough & Tyler Jaynes NAI Vegas | naivegas.com 2 Property Highlights

• 100% Occupied Investment Opportunity

• Mix of Professional Office Users and Retail Tenants

• Located in the Highly Desirable Arts District Near

• Beautiful Interior and Exterior Finishes

• Close Proximity to Historic , World Market Center, and EasyAccessibility to I-15 and the

• An Almost 11% Cash-On-Cash Return! See Page 6 or Ask Agent for More Details

Offered By: Ryan McCullough & Tyler Jaynes NAI Vegas | naivegas.com 3 zz Financial Overview

OPERATING STATEMENT

ACTUAL

Rental Income $442,174

Vacant Space at Market Rents $0

Gross Potential Rent $442,174

CAM $59,872

Gross Potential Income $502,046

REIMBURSABLE EXPENSES

Property Taxes $13,916

Insurance $3,860

Property Management $13,740

Maintenance $12,800

Utilities $9,120

Total Operating Expenses $63,078

Total Operating Expenses PSF $4.16

Vacancy Factor (0%) $0

Net Operating Income $438,968

Offered By: Ryan McCullough & Tyler Jaynes NAI Vegas | naivegas.com 4 zz Rent Roll

TENANT RENTABLE % OF LEASE ORIGINAL END RENT CURRENT CAM’s ESTIMATED MONTHLY ANNUALIZED SUITE INCREASES OPTIONS TRADE NAME SF TOTAL TYPE START DATE DATE PSF/MONTH MONTHLY RENT PSF/MO MONTHLY CAM RENT + CAM RENT

3% One 140 Garagiste 2,179 14.37% NNN 4/1/19 7/31/24 $2.25 $4,902.75 $0.35 $762.65 $5,665.40 $58,833.00 Annual 5 Year

3% Three 130 Crafthaus* 1,723 11.37% NNN 9/1/19 12/31/24 $2.25 $3,876.75 $0.35 $603.05 $4,479.80 $46,521.00 Annual 5 Year

3% One 105 Solid State Logic 901 5.94% Gross 8/1/17 9/30/22 $3.71 $3,341.84 - - $3,341.84 $40,102.08 Annual 5 Year

3% Two 250 Quest 4,509 29.74% NNN 6/1/19 10/31/24 $2.46 $11,084.90 $0.35 $1,578.15 $12,663.05 $133,018.80 Annual 5 Year

3% Two 260 Quest 667 4.40% NNN 6/1/19 10/31/24 $2.39 $1,592.44 $0.35 $233.45 $1,825.89 $19,109.28 Annual 5 Year

3% Two 301 Edward Homes 2,498 16.48% NNN 6/1/17 12/31/24 $2.39 $5,963.28 $0.35 $874.37 $6,837.65 $71,559.36 Annual 5 Year

Focus Commercial 3% One 305 1,765 11.64% NNN 9/1/17 8/31/27 $2.12 $3,745.94 $0.35 $617.75 $4,363.69 $44,951.28 Group Inc* Annual 1 Year

3% One 302 CV3 Law* 917 6.05% NNN 8/1/18 7/31/23 $2.32 $2,125.15 $0.35 $319.93 $2,445.08 $25,501.80 Annual 5 Year

TOTAL 15,159 $36,633.05 $4,989.35 $41,622.40 $439,596.60

* Tenant has an early termination clause

Offered By: Ryan McCullough & Tyler Jaynes NAI Vegas | naivegas.com 5 zz Financing Options

PROGRAM: 5 YEAR 5 YEAR 10 YEAR

Total Loan Amount $4,387,500 $13,916 $13,916

The lesser of 75% of the The lesser of 65% of the The lesser of 65% of the Max Loan Amount appraised Value or Purchase Price appraised Value or Purchase Price appraised Value or Purchase Price

Recourse Recourse Recourse Non-Recourse

Term 10 Years 10 Years 10 Years

Amortization 25 Years 30 Years 30 Years

Intrest Rate 4.05% 4.00% 4.15%

Payment $23,201 $19,991 $20,073

Margin 2.50% 3.00% 2.50%

Reset Index 5 Year SWAP 5 Year Treasury 10 Year Treasury or 10 Year SWAP

Min DSCR 1.25 : 1.00 1.25 : 1.00 1.25 : 1.00

Prepayment Penalty NO PREPAY NO PREPAY NO PREPAY

Rate Lock N/A 0.25% - Refunded at Closing Rate Lock at Closing

Third Party Deposit $10,000 – Estimate $10,000 – Estimate $25,000 – Estimate

Lender Fee 1.00% N/A N/A

Origination Fee 1.00% 1.00% 1.00%

Offered By: Ryan McCullough & Tyler Jaynes NAI Vegas | naivegas.com 6 zz CASH ON CASH CALCULATOR

PURCHASE PRICE $5,850,000.00

LTV 75%

Down Payment $1,462,500.00

Debt $4,387,500.00

LOAN TERMS

Interest Rate 4.05%

Amortization 25

PI Payment Monthly $23,201.00

Annually $278,412.00

Cash Flow (NOI) $438,968.00

Cash Flow After Debt Service $160,556.00

Cash on Cash 10.98%

LEVERAGED RETURN ANALYSIS

Net Operating Income $438,968.00

Debt Service $278,412.00

Net Cash Flow After Debt Service $160,556.00

First Year Principle Reduction $103,576.56

Total Return $264,132.56

Percent Return 18.06%

Offered By: Ryan McCullough & Tyler Jaynes NAI Vegas | naivegas.com 7 zz Aerial Map

15

SPRINGS 515 PRESERVE

DOWNTOWN ALTA DR LAS VEGAS

RANCHO BLVD RANCHO E BONEVILLE AVE

W CHARLESTON BLVD SITE E CHARLESTON BLVD

15

LAS VEGAS BLVD

Offered By: Ryan McCullough & Tyler Jaynes NAI Vegas | naivegas.com 8 Downtown Las Vegas Residential Overview

There are 2,000+ under development or newly completed, multifamily residential units in the downtown area. These new homes include a variety of unique mid-rise and low-rise projects.

FREMONT 9 C/3 LOFTS • 9th St & Fremont St • 3rd St & Charleston Ave • 232 Units • 48 Units • $25.6 Million - New Build • $4+ Million - Renovation • ±15,000 SF Ground-Floor Retail • ±3,000 SF Ground-Floor Retail • Completed • Completed • Developer: The Wolfe Company • Developer: Big Block Partners

SOUTHERN LAND THE LUCY COMPANY • 6th St & Bonneville Ave • Symphony Park Parcel G/F • Creative complex anchored by The Writer’s Block Bookstore • 320 Units • 8 Units, home to Rogers Art Loft • $85 Million - New Build artists-in-residence & literary fellows of UNLV Black Mountain • ±20,000 SF Ground-Floor Retail Institute • Opening Winter 2020 • Curated by the Rogers Institute & Patrick Duffy, President/CEO of • Developer: Southern Land Company the School of Arts

Offered By: Ryan McCullough & Tyler Jaynes NAI Vegas | naivegas.com 9 zz Downtown Las Vegas Residential Overview

ASPEN HEIGHTS SILVERSTEIN SYMPHONY PARK MEADOWS • Meadows Ln & Valley View • Symphony Park Parcel N/01 • 280 Units • 290 Units • $63 Million - Renovation • $55 Million - New Build • ±16,250 SF Clubhouse & Leasing • ±4,000 SF Ground-Floor Retail • Opening 2021 • Opening Winter 2020 • Developer: Silverstein Company • Developer: Aspen Heights Partners & North Cap

REVIVE MEDICAL DISTRICT shareDOWNTOWN • Pinto & Martin Luther King • 1300 S Casino Center Blvd • 253 Units • 63 Units • $55 Million - New Build • $12 Million - New Build • 15,000 SF Ground-Floor Retail • Ground-Floor Retail • Opening 2021 • Opening 2021 • Developer: Northcap • Developer: Cherry Development

Offered By: Ryan McCullough & Tyler Jaynes NAI Vegas | naivegas.com 10 zz Work Downtown

FEDERAL WORLD JUSTICE TOWER MARKET CENTER • 11-story building/9-story parking • 5.1 Million SF (3 Buildings Combined) structure • Occupied by 2 tenants- Immigrations • Largest showroom complex in the & Customs Enforcement (ICE) & world for home/hospitality furnishings United States Attorney Office (USAO) industry • ±140,000 SF Building • Buildings A, B and C completed in • Completed in 2015 2005, 2006 and 2008, respectively

SYMPHONY PARK • 61-Acre Site • Aquired by Amazon in 2009 • Includes the Smith Center for the • Movved headquarters from Performing Arts, Cleveland Clinic Lou Henderson to Downtown Las Ruvo Center for Brain Health, and Vegas in 2013 Discovery Children’s Museum • ±1,500 Employees • Only project in the state to be accepted into a national pilot program • Produces in excess of $2 Billion for green neighborhood developments in revenues annually

Offered By: Ryan McCullough & Tyler Jaynes NAI Vegas | naivegas.com 11 zz Aerial Map

44 S 197 E California St

3 44 WORK 3 1 Federal Justice Tower

2 2 World Market Center 11 3 Symphony Park 4 Zappos 5 5 1 3 LIVE 3 1 Fremont 9

2 C/3 Lofts

3 22 The Lucy 4 Aspen Heights Symphony Park

S 5 Revive Medical District

6 shareDOWNTOWN

66

Offered By: Ryan McCullough & Tyler Jaynes NAI Vegas | naivegas.com 12 zz

1. Fremont9 1. Federal Justice Tower 2. C/3 Lofts Live 2. World Market Center Work 3. The Lucy 3. Symphony Park 4. Aspen Heights Symphony Park 4. Zappos 5. Revive Medical District 6. shareDOWNTOWN CLICK HERE FOR Floor Plan - Suite 250 VIRTUAL TOUR

Offered By: Ryan McCullough & Tyler Jaynes NAI Vegas | naivegas.com 13 zz CLICK HERE FOR Floor Plan - Suite 301 VIRTUAL TOUR

Offered By: Ryan McCullough & Tyler Jaynes NAI Vegas | naivegas.com 14 zz CLICK HERE FOR Floor Plan - Suite 305 VIRTUAL TOUR

Offered By: Ryan McCullough & Tyler Jaynes NAI Vegas | naivegas.com 15 zz Offered By: Ryan McCullough & Tyler Jaynes NAI Vegas | naivegas.com 16 Offered By: Ryan McCullough & Tyler Jaynes NAI Vegas | naivegas.com 17 FOR SALE | OFFICE

Ryan McCullough Tyler Jaynes Connor Watson Office Partner | LIC#0176931 Senior Sales Associate | LIC#0184357 Sales Associate | LIC#0186976 cell: 847.553.6285 cell: 254.216.3578 cell: 254.223.1995 direct: 702.815.1983 8945 W. Russell Road Suite 110 direct: 702.815.1982 direct: 702.815.1984 Las Vegas, NV 89148 email: [email protected] email: [email protected] email: [email protected] NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, (702) 383.3383 | naivegas.com PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPAL. NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE TO BE IMPLIED. THE INFORMATION PORTRAYED ON THE MAP, WHILE NOT GUARANTEED, HAS BEEN SECURED FROM SOURCES DEEMED RELIABLE. CONSULT A SURVEYOR FOR PRECISE BOUNDARIES.